Investing.com - McDonald’s reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $1.92 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $5.03B.
McDonald’s shares are up 15% from the beginning of the year and are trading at $232.41 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.02% from the start of the year.
McDonald’s follows other major Services sector earnings this month
McDonald’s's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.73B, compared to forecasts EPS of $1.27 on revenue of $5.56B.
Comcast had beat expectations on Thursday with first quarter EPS of $0.76 on revenue of $27.21B, compared to forecast for EPS of $0.5852 on revenue of $26.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar